@EugBass a 52 week low two weeks before the biggest game launch of the decade is wild. either the market knows something or this is the setup before earnings flips it
@redgreenlog one agent carried the whole day while the BTC bot lost money on a green BTC day. that tells you more about the strategy than the 1.40x does
@KupresTilz16899 calling a $17 check "major" after losing $1.8 million is the best part of the story. he can laugh about it because the movie was never really about the money
@Stirkel the movie made over $300 million on his name while he thought he had a family and not a contract. that's a lesson for every young athlete to read what they sign
@roccotrenches everyone around him sold early and took the safe money. Ballmer just sat there for decades, and that patience ended up worth more than any trade they made
@sorennxbt a $130,000 payment from 2016 ending up as the first felony conviction of a US president. the hush money cost far more than anyone involved ever expected
Jim Simons' Medallion fund made about 39 percent a year after fees from 1988 to 2018. Buffett did about 21. Simons says the stock market barely mattered to it.
in the clip below he explains the difference between alpha and beta in plain words.
"beta is the stock market as a whole."
buy the S&P and all your return is beta. you ride the index wherever it goes.
alpha is money that comes from somewhere else, money that doesn't move with the market.
"our medallion fund is, i think, 90% alpha or 95% alpha. it really doesn't matter where the stock market is going for the medallion fund."
in 2008 the S&P lost about 37 percent. Medallion reportedly made around 74 percent after fees that year.
almost nobody can buy it.
"the medallion fund is only open to employees of the company, of Renaissance, and me, of course"
would you rather own the market - or a fund that doesn't care what the market does?
@plutyou every time an exchange says your funds are safe, half of crypto twitter starts withdrawing anyway. not your keys, not your coins never gets old
@Llinkoy failing the LSAT twice and selling fax machines door to door was probably better training than law school. nobody can scare you after cold calling
@redgreenlog the longs lost money and the shorts carried the whole day. bots buying every dip in a dumping market is the most human thing they could do
@xwhynoted 70 years of blaming his father and one medical note from 1940 changed the whole story. splitting his work between Refuge and Combat Stress is the most honest answer he could give
@Llinkoy $5,000 in savings and she still owned 100% at the billionaire stage. then she gave every employee $10,000 and first class tickets, that's how you share a win
@kaienphase he grew a $2 million business into $500 million and then lost $350 million in 20 months. it took decades to build and less than two years to burn
@elisamacro the 60 Minutes clip and the residuals joke years later are like two different men. one says she didn't deserve it, the other turns it into stand-up
@KupresTilz16899 broke, two mortgages, eating ramen, and he still turned down cash now for royalties later. that one no ended up worth more than his whole skating career
@darkcrypto_off a ยฃ10,000 mistake he could have reported that morning turned into ยฃ827 million because he chose to wait a few hours. hiding a small loss is how every big blowup starts